'Son believes India has a significant opportunity in chip design, especially in creating IP that will be uniquely Indian.'
Japanese conglomerate SoftBank Group on Wednesday said it has recorded loss from investments to the tune of USD 1.4 billion, or over Rs 9,000 crore, for 2016-17 in Indian startups like Snapdeal and Ola.
The cash-rich Japanese company made waves with its plans to grow outside its home base last year when it bought No. 3 US mobile carrier Sprint Corp for $21.6 billion.
A group of investors of Japanese mobile giant SoftBank has sought probe and possible sacking of its India-born COO Nikesh Arora over potential conflicts of interest tied to his role as an adviser to a private equity firm.
With a new $100-billion technology fund, SoftBank is likely to go after market leaders.
Arora's appointment brings no real transfer of power, says Una Galani.
On Thursday, Google announced the surprise departure of its veteran business chief Nikesh Arora, who will become Vice Chairman of SoftBank Corp.
Arora was hired in July to run a newly created unit called SoftBank Internet and Media Inc.
SoftBank's investments in the past two years include $627 million in online-retailing marketplace Snapdeal and leading a $210 million funding round in taxi-hailing app Ola Cabs.
SoftBank will pay 17 pounds in cash for each ARM share.
Vehicles would be able to offer advice during challenging driving or parking situations, while also providing company to drivers on long, solitary trips
SoftBank will hold majority stake in the joint venture.
With the deal closing, SoftBank becomes an investor in two of India's largest on-demand cab service -- Uber and Ola.
The Softbank-backed company has set a price band of Rs 72 to Rs 76 per share for the maiden share sale and is expected to test the appetite for new-age loss-making companies.
So far this year, bankers have earned Rs 1,226 crore for handling 45 IPOs, which together mobilised Rs 48,363 crore.
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An industry source said the funding was part of an overall $500 million the company is planning to raise, which will value Ola at around $5 billion.
Billionaire Gautam Adani's Group on Wednesday announced the acquisition of SoftBank Group Corp's renewable power business in India for a deal value of $3.5 billion (approximately Rs 25,500 crore), to become the world's largest solar company. In a statement, Adani Green Energy Ltd, the renewable energy unit of the port-to-energy conglomerate, said it has inked share purchase agreements to buy 100 per cent of SB Energy India from SoftBank and Bharti Group. Without giving deal details, the statement said the transaction values SB Energy India at an enterprise valuation of approximately $3.5 billion, it stated. The transaction marks the largest acquisition in the renewable energy sector in India.
With their stadium devoid of fans due to coronavirus restrictions, Japanese baseball team Fukuoka SoftBank Hawks have come up with an imaginative replacement: dancing robots. Before their most recent Nippon Professional Baseball (NPB) game against Rakuten Eagles on Tuesday, over 20 robots danced to the team's fight song on a podium in the otherwise empty stand.
Alibaba founder and executive chairman Jack Ma is this year's biggest financial gainer as the billionaire entrepreneur's fortune has swelled by a whopping $18.5 billion this year to $29.2 billion.
After gaining 300 million mobile wallet users in India, the firm has now expanded operations to Japan via PayPay Corporation, a joint venture established by SoftBank Corp and Yahoo Japan Corporation.
Nestle has maintained healthy growth in Japan by maintaining a a tradition of trying out off-beat marketing tactics.
Indian online retailers have been raising funds to expand and compete with bigger rival Amazon.com Inc as more Indians shop on the Internet.
Market experts have valued Housing.com at $700 million.
The EV industry is at an inflection point and batteries will play a critical role ahead -- batteries and related components typically constitute 35-45 per cent of an EV's costs.
Education topped the table with nearly $1.755 billion as against $379 million last year, followed by real estate which received $754 million.
Snapdeal delivers to the Dharavi centre, where buyers pick up their orders.
Infibeam appointed Kothari as president, strategy, corporate development, international operations, and investor relations.
The entry of SoftBank-backed Ola into the electric scooter (e-scooter) segment is set to power up the overall market and perhaps fast-track the adoption of battery-operated vehicles. But for manufacturers of internal combustion engine (ICE)-powered two-wheelers, such as Bajaj Auto, Hero MotoCorp, and TVS Motor, it will be a double whammy. Not only will they have to contend with the aggressive pricing of Ola's scooter and incur a loss at each unit of the e-scooter sold, the volumes of their regular (ICE) models, too, could feel the squeeze, observed analysts. Ola is expected to price its e-scooter in the range of Rs 85,000-1.1 lakh.
The move is a show of faith from three of the world's biggest technology companies in fast-growing Snapdeal
Damage from new shenanigans can be contained if regulators move quickly when something does not smell right, counsels Debashis Basu.
The 24-hour delivery offer applies only to select postal codes and is not available across the country.
Nikesh Arora patiently answered all questions and responded to remarks and observations.
Foreign investment firms, especially private equity, are jittery about the Indian market as uncertainty continues to shroud the energy sector.
Foreign money has been pouring into India's fast-growing e-commerce sector, with investors ranging from Japan's Softbank Corp to Singapore's Temasek Holdings.
The $306-million investment in Ola Electric Mobility by SoftBank Corp, Arun Sarin Family, Ratan Tata and Matrix has been the biggest funding in this space in value terms this year.
India Meteorological Department has predicted deficient rains.
Ola commits to invest $100 mn in Vogo, to bring scooter-sharing to its app, reports Alnoor Peermohamed.
Asked about the campaign against the Games, Tokyo Governor Yuriko Koike said she would work towards a "safe and secure" Olympics.
Snapdeal said on Wednesday it bought online mobile recharge firm Freecharge for an undisclosed amount.
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